COUNTRY •
EGYPT
Last Update: 23 Mar 2023 9:15 GMT+0
The Egypt 10Y Government Bond has a 21.758% yield.
10 Years vs 2 Years bond spread is -187.9 bp. Yield Curve is inverted in Long-Term vs Short-Term Maturities.
Central Bank Rate is 16.25% (last modification in December 2022).
The Egypt credit rating is B, according to Standard & Poor's agency.
Current 5-Years Credit Default Swap quotation is 1,406.01 and implied probability of default is 23.43%.
If data are not all visible, swipe table left
| Residual Maturity |
Yield | ZC Price | Last Change |
||||||
|---|---|---|---|---|---|---|---|---|---|
| Last | Chg 1M | Chg 6M | Last | Chg 1M | Chg 6M | ||||
| 3 months | 17.916% | -232.4 bp | +257.4 bp | 23 Mar | |||||
| 6 months | 21.920% | -17.0 bp | +554.9 bp | 23 Mar | |||||
| 9 months | 22.919% | +28.3 bp | +628.7 bp | 23 Mar | |||||
| 1 year | 23.368% | +87.4 bp | +630.0 bp | 81.06 | -0.71 % | -5.10 % | 23 Mar | ||
| 2 years | 23.637% | +30.0 bp | +513.0 bp | 65.42 | -0.49 % | -8.13 % | 23 Mar | ||
| 3 years | 23.095% | +39.7 bp | +436.9 bp | 53.61 | -0.98 % | -10.28 % | 23 Mar | ||
| 5 years | 22.474% | +42.6 bp | +366.0 bp | 36.29 | -1.73 % | -14.07 % | 23 Mar | ||
| 7 years | 21.847% | +51.4 bp | +301.0 bp | 25.08 | -2.90 % | -16.06 % | 23 Mar | ||
| 10 years | 21.758% | +54.7 bp | +291.0 bp | 13.96 | -4.45 % | -21.53 % | 23 Mar | ||
Last Update: 23 Mar 2023 9:15 GMT+0
Egypt Yield Curve Analysis
Normally, longer-duration interest rates are higher than short-duration. So, the yield curve normally slopes upward as duration increases.
For this reason, the spread (i.e. the yield difference) between a longer and a shorter bond should be positive.
If not, the yield curve can be flat or inverted.
The curve convexity is measured considering some key bond durations (usually 2 years and 10 years, but also other maturities).
The curve convexity is measured considering some key bond durations (usually 2 years and 10 years, but also other maturities).
If data are not all visible, swipe table left
| Residual Maturity |
Yield | Spread vs Bond | Spread vs Central Bank Rate (16.25%) |
||||
|---|---|---|---|---|---|---|---|
| 3 months | 1 year | 2 years | 5 years | ||||
| 10 years | 21.758% | 550.8 bp | |||||
| 5 years | 22.474% | 622.4 bp | |||||
| 2 years | 23.637% | 738.7 bp | |||||
| 1 year | 23.368% | 711.8 bp | |||||
| 3 months | 17.916% | 166.6 bp | |||||
Focusing on 2 years Government Bond:
If data are not all visible, swipe table left
| 2Y vs 1Y | 26.9 bp | Normal Convexity in Short-Term Maturities | ||
| 5Y vs 2Y | -116.3 bp | Yield Curve is inverted in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | -187.9 bp | Yield Curve is inverted in Long-Term vs Short-Term Maturities |
Readings that may interest you
Egypt Credit Ratings
A credit rating is an assessment of the creditworthiness of a borrower (in general terms or with respect to a particular debt or financial obligation).
For a deeper analysis of credit ratings, click here
Egypt Credit Ratings History
| Rating Agency | Rating | Outlook |
|---|---|---|
| Standard & Poor's |
B
|
- |
| Moody's Investors Service |
B3
|
- |
| Fitch Ratings |
B+
|
negative |
| DBRS |
-
|
- |
Egypt Interest Rates
A bank rate is the interest rate at which a nation's central bank lends money to domestic banks, often in the form of very short-term loans.
| Interest Rates | Value | |
|---|---|---|
| Central Bank Rate | 16.25% |
Egypt Credit Default Swaps
The term credit default swap (CDS) refers to a financial derivative that allows an investor to swap or offset their credit risk with that of another investor. To swap the risk of default, the lender buys a CDS from another investor who agrees to reimburse the lender in the case the borrower defaults.
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| Credit Default Swap | CDS Value | Var % 1W | Var % 1M | Var % 1Y | Implied PD(*) | |
|---|---|---|---|---|---|---|
| 5 Years CDS | 1,406.01 | +159.08 % | +159.08 % | +220.09 % | 23.43 % |
(*) Implied probability of default, calculated on the hypothesis of a 40% recovery rate.
Egypt 10Y Bond Yield Spread
The Egypt 10Y Government Bond has a 21.758% yield. Click on Spread value for the historical serie.
A positive spread, marked by
, means that the 10Y Bond Yield is higher than the corresponding foreign bond. Instead, a negative spread is marked by a green circle.
Click on the values in "Current Spread" column, for the historical series of the spread.
Click on the "Compare" button, for a report with the full comparison between the two countries, with all the available data.
If data are not all visible, swipe table left
| Egypt 10Y vs | Current Spread | Chg 1M | Chg 6M | ||
|---|---|---|---|---|---|
| Japan 10Y | 2145.9 bp | +74.8 bp | +284.6 bp | Compare | |
| Germany 10Y | 1957.9 bp | +83.5 bp | +276.1 bp | Compare | |
| France 10Y | 1905.1 bp | +78.2 bp | +280.3 bp | Compare | |
| Canada 10Y | 1897.2 bp | +112.2 bp | +320.4 bp | Compare | |
| China 10Y | 1887.2 bp | +60.2 bp | +271.7 bp | Compare | |
| Spain 10Y | 1852.8 bp | +82.7 bp | +286.1 bp | Compare | |
| Australia 10Y | 1846.9 bp | +114.3 bp | +355.4 bp | Compare | |
| United Kingdom 10Y | 1837.5 bp | +74.7 bp | +333.9 bp | Compare | |
| United States 10Y | 1832.8 bp | +100.3 bp | +317.5 bp | Compare | |
| Italy 10Y | 1770.9 bp | +88.5 bp | +319.3 bp | Compare | |
| India 10Y | 1441.3 bp | +59.3 bp | +295.8 bp | Compare | |
| Russia 10Y | 1062.3 bp | +39.2 bp | +247.5 bp | Compare | |
| Brazil 10Y | 868.5 bp | +83.5 bp | +156.0 bp | Compare |
Egypt Government Bonds Prices
Price Simulation: bonds with a face value of 100, with different coupon rates. The highlighted column refers to the zero coupon bond.
Click on
for a forecast of the yield.
If data are not all visible, swipe table left
| Residual Maturity |
Yield | Bond Price - with different Coupon Rates | Fx | ||||||
|---|---|---|---|---|---|---|---|---|---|
| 0% | 1% | 3% | 5% | 7% | 9% | ||||
| 10 years | 21.758% | 13.96 | 17.92 | 25.83 | 33.74 | 41.64 | 49.55 | ||
| 7 years | 21.847% | 25.08 | 28.51 | 35.37 | 42.23 | 49.08 | 55.94 | ||
| 5 years | 22.474% | 36.29 | 39.12 | 44.79 | 50.46 | 56.13 | 61.80 | ||
| 3 years | 23.095% | 53.61 | 55.62 | 59.64 | 63.66 | 67.67 | 71.69 | ||
| 2 years | 23.637% | 65.42 | 66.88 | 69.81 | 72.73 | 75.66 | 78.59 | ||
| 1 year | 23.368% | 81.06 | 81.87 | 83.49 | 85.11 | 86.73 | 88.35 | ||
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||